CRYPTOCAP: TOTAL2 - waiting for new platform applications!Good day to all crypto fans!
To understand the future, you need to analyze the story. So, the growth in the value of the entire cryptocurrency in 2016 began with the active work of Vitalik Buterin and the large-scale use of the ETH platform for ICO of new projects. In 2019, market growth was prompted by the work of Binance and the launch of new projects on this exchange. This project was not so large-scale, but still we saw a certain interest in the market. What should happen now, which will cause new interest in the cryptocurrency market and its new growth, which everyone is looking forward to.
Most likely, due to the global crisis, based, as the media are inflating, on the coronavirus and the threat of a pandemic, many states must still begin the transition to their own electronic currency. Below I will attach other ideas related to this topic. Of course, those tokens, platforms that will be selected by this or that state and will attract the maximum number of investors. And in the future they will show the biggest growth. I do not think that this platform will be BTC. There are better platforms. Write in the platform comments which tokens do you think are most suitable for issuing the state currency?
Another interesting fact in favor of the fact that the institutional has not left the cryptocurrency market is the volumes that we see on the chart. Someone is buying everything at cheap prices, probably getting ready for something interesting.
Perhaps there will be some other option that attracts interest from cryptocurrency, but so far I see it. The assumption that in cryptocurrency they will be saved during the crisis in the stock market has not justified itself. Therefore, I continue to consider the option of a final transition from an industrial economy to a postindustrial one. And the transition from fiat money to electronic money is an inevitable component of it, as once there was a transition from gold and silver payments to paper money. This is nothing more than a matter of habit.
Now let's move on to the chart: Cryptocurrency market capitalization has come to the lower border of the triangle. And completed the correctional movement ABC. In case of breakdown and consolidation below 44.702B, the fall will continue to 10.104B and this will be a terrible fall of the entire cryptocurrency market. I, nevertheless, expect the beginning of a new upward movement indicated on the chart. But this should serve as a mass application.
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